I wasn't the only one who noticed that a pretty big marriage penalty tax has been added for those in the top 1% of earners. Here's some details, and the math.
Evidently our Congress critters believe that having a spouse who works is the ultimate luxury.
skip to main |
skip to sidebar
Posts
Posts
Click the cover for more info.
Notes for trust officers, private bankers and others concerned with estate and trust planning, from a Merrill Anderson Senior Editor and his retired mentor.
Copyright 2005-2022 M.A. Co. Powered by Blogger.
Subscribe To
Posts
Posts
Now available: Our monthly Trust & Investment Newsletter
Click the cover for more info.
For direct inquiries:
Labels
- Investing (196)
- estate tax (148)
- income tax (114)
- estate planning (108)
- wills (104)
- trust ads (94)
- investment management (68)
- nest eggs (58)
- art (55)
- hedge funds (45)
- Madoff (43)
- trusts (41)
- Astor (39)
- wealth (39)
- retirement (37)
- stock market (37)
- brokers (31)
- inheritance (27)
- endowments (26)
- fiduciaries (22)
- Ponzi (21)
- executors (20)
- millionaires (19)
- philanthropy (19)
- gift tax (18)
- Apple (17)
- Wall Street (16)
- collectibles (16)
- alternative investments (15)
- dynasty trusts (15)
- estates (15)
- Helmsley (14)
- living trusts (14)
- brokerage (13)
- Bayou (12)
- investment performance (11)
Search Trust and Wealth Management Marketing
Blog Archive
-
▼
2013
(173)
-
▼
January
(14)
- Penalty for Tax Evasion: Almost $22 Million!
- In 1963 Macho Investors Didn't Take Cruises
- Perils of the Art Market
- Quiet Trusts
- “Go Someplace Warm. Leave Your Investments With Us”
- Trusts For Gun Owners
- Will Estate Planning Go Down Market?
- Estate-Planning Advice From Unprintable Web Site
- $5.25 Million
- Clowning Around With Taxes
- Golfing in the Investment Jungle
- The new marriage penalty tax
- Balanced?
- Dangerous Inflation Ahead?
-
▼
January
(14)
Senior GO TO Guide • BLOG
Popular Posts
-
Cyber Monday! You just bought a huge, name brand LED TV for $999! Would you have paid $1,130? Would you have been happier to pay $1,130 if...
-
Fifty years ago Norman Dacey, a Connecticut financial planner, shook the estate planning world by publishing How to Avoid Probate . Livin... -
Baylor scores high for endowment returns, according to the Wall Street Journal . But why are these multibillion dollar funds tax free, and m...
-
Researchers at Berkeley find that the rich don't like eye contact. Why so snooty? Robert Frank in The Wealth Report offers a plausible ...
-
Walked into Barnes and Noble and bought a book. Can't get more retro than that. The volume is Phishing for Phools , authored by two...
3 comments:
Well, yes. Glad somebody noticed. My theory: Democrats figured conservative Republicans would better tolerate a higher tax rate if it was applied in a way that punished "overachieving" wives.
Punishing working wives has long been a Democrat idea. The Republicans have pushed more marriage neutrality in the tax code, they just haven't pushed hard enough.
Of course, the really serious marriage penalty is in the Social Security tax, not the income tax.
Post a Comment